The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1887-11-22
The Loan Question.

\ EDITO6 (rAEEIIkS-lDe report OF TIE 7
rSnci2l Agent of the late GibSoniAn Min
I Loan, kSS fallen upon the mocotony of ou
/ pescsfcl existence like welcome rain Afte.
I & long dro1Shtt IL Is cool and refreshing s
/ the sSns time ii has started up expression
Z Of opinion, like mushrooms after shower
I And I am not SIRE but that the Colonel hsi
I better earned his commissions as Einsnci2
I Agent. by bringing ont thess expressions o
I public opinion, thSn By anything he accom-
\ plished among the mSSnStes Of LoubarC
/ street. bis report has given Is something K
I think about, and for the moment yo1 ce2ss
I 70 hear Snythilg about sugar. But for thi:
report We might hsve long remained II
I blISsful Ignorance Of the rules and regula
I tons OF the London Stock ExehSuSs, as vel
as the manner IN which our ueighbors Of
( B1snos Ayres and the Argentine RepobliC
we're admitted within the sacred precincts OF
I that select eotsrie OF finance, and Whist they
had to paw for their footing.
Bat It Is not this part of the report that
induces Ne 10 express nv opinions through
the usdr1n OF your columns So far as the
financial lore Of o1r agent Is concerned ]
have been tocesttitsd N any necessary re-
view, and answer TO his statements. by the
&dmIrahle letters Of Hon :. 5. Dole. Judss
Hartwell. and other weIl-kn0Eu cItizsus, al
ready published; ard had he confined HIM
self to faets ard figures Cor figures without
the facts l would not now trouble yCC. Il
Is when our Napoleon Of finance leaves the
relation OF his story about '-pounds and
pence. and sGieSyO-s to suIizhteu Is as to
our duty IN matters Of policy and govern
usnt. quite distinct from the cent per
CENT caleCl4tlOns he has been Studying Up,
that l E0CId call a halt. and ask him for
more margin l must qEOte-
The establishment OF sound uatIoual
credit enables the Hawaiian Government to
Issue and place, at once. II case Of necessity,
It's debeCture bonds, to further public works
WHICH ars productive at low rate Of inter
est, and without great expense or discount;
II enables the Hawaiian Government II the
event of any great accident or public cal
auIty- To ind relief without harmful delay
Or hart cOodItiO1s-it assists Incidentally
I'll A0sess GAL legitimate ps-irEts enterprises
Or & Eltlsf pubic chGTfstsr % s6tli4 cfBf.qI at
iJg rutes or ittsFsst-r
The italics are nine TIE agent Was
evidently tOo bashfEl to italicizs!I
Il this the keEuote to al the nuuSi4s zz
hear from our Financial Agents and their adj
uirsrsf l. It tosuabEs our poblic spirited citi-
Zaus 10 t0at schemes Of quasi public ehzrac-
ter that cur Legislature Is called upon 10 con
d0Gs the acts Of ras.aIIy officials, and 'estsb-
l1zE credit N LoCd0ns by paving the He
gal demands Of = syndicate OF money lenders
WHO, having influenced q corrupt Legislature
20 pass law for their benefit, did not even
cDutre themselves 70 the letter OF that law
Once more quote
As Is well known to yoGr ETeeIIeuey. at
that EIn-e there we're two local private enter
: rises I1ooted- which we're supposed IN Lon
dan and acknowledged IN Honolulu to be Of
great Importaacs. and carried IN than the
PROMISE Of great benefit 10 our COMMUNITY,
VIZ The projected railroad of the Hon.
Samuel q. NILt=rr and the eoI0uIzatfGu
11izrtakiuz Of B. E Dillingham; ESQ
These benefits had assumed
shape and pr0uIse,f To become 4 eerrtfutT.
Until the SANDER that the GuTernm=uG IL
tended 10 repudIate- shook the credfc Of the
Kingdom the Tart g7uaRE mi "a dgHgs Eg
rgcuCsrsrf. bat thtt rests rith fEs gcti5a 81 the
lz1a4e,Eiaflf ef9cgI-Hutsstt-7
Again the T1BIcs Ire mine
his = r-tbEr strung Hing to ont IN a
report zllpF'lsststl 70 6e simply sraterusut OF /
CURES connected With 4 financial Oueratis5r
II the Go7zruuect- Bot our agent does
not seem To be alone N cunneetIug the local
1rIVars eutsrprIsss' % some Of our citizen. I
with the P'EgI1zuz 6T this Government OF /
.srEaTu ceu1d1i-s 1p0d LIZ EIeaz1ry 4 San I
: ritrciscu journal Of veil Known British 4
7r'5t,!I EIEIesr had n ! late issue the follow
uC-
The new Hawaiian Government has seut 1
lsLezrarn 10 Z Lnu1du paper 20 TIE effect I
NH they ara wiling 80 rGeI-uiZE the dzht NJ i
lie kHaH5a EIugtou- provided that II los
lot cnuEraVEue the tsrus Of the 4Es artE0r-
ing the h0au- and that II VIII allow all 4
.narEEs thai have been authorized b. law
I Us Il perTs':1iy r1znE and proper. Having
s5t Iut0 4 middle. thEg mist stand Nv n
51r It s5fula a Useless Waste Of mousT 10
ava sens A HFG-hzndrsi1-Eor1e cable uzessHz e
% LGEG0u ANNOUNCING the tact This l.
ather a vista Of public moneg that does md
eci5r- With the av0wzi rstrEuefrusrt min
= pies OF the PRESENT Hawaiian 0tssce-h5ltsrz
L may ne that shErs vas sOulE rzasou f5r. the
i1ELty that las Tot pet cUuIe 10 the surface
II seer12s that EheEs ara two other scf.srz=s
% F9oe Tor rzIsIzz money N L0ulf0a 20
lenFlh da~AIlitr TneEF11Gals- One Il 4 land
lt01IZffInu scnef1s- f5r the uUrunsz AZ
citing and sub. dividing a small traet h.
ougI1g t1 Mr- Dillingham; The other 1.
liz Fr1PaEEc EctsuIg for eilugfrr1s.tTrI,E A rail
mad along The cuasg Of tas Island az Hs-
van k0talss 30 HiIO-
r The names ae the nesEsrac.rz that 7z--z
'-Ll,.i1i2zd II LGuG1u 20 boost u the Hs-
5fElta han VII shortly h,= maze uGbl5e d
DC nleia-llnlr=r the investors IN the great
nnlf1efEia1 eautEr Of the Teri1 sfrr-II -.
;trEfuI nat E.T be GzcEfEz,t = ss,.8U5 e5r-e
lntI the Stigma las been removed srF r.
time piai.sd Were Il belongs EsopIz vii
loH WEE s'IsltcI9n 1p1u AL IIEEsrn1erlr= sf,,4s
u t='.iaf-l laeufiz1 By tEe HEwsIEE Iear zVu-
leaIE and the presE N L6nIzfsuT
MAY I aaA the Financial 4czus wnss
az 'nleotIng Of these two ss.fer.zes L,,,f ~
a. 60 DO TIrh the borrowing u A egzrFz ~
1IIl11nE BY tins GSa7srunaeaf- or VIZ n
,'ll'..sf &C GaihsluEsr acts a the zgas9issfs ID
t,a'-ing thu ioanE D1ea It mean Ehar ras
LIlr1-fzu Syndicate will ar-vzo- -.
'lendss Wider and DJlIl1.zil.srs- fr1ra s,5--
lN 'l ai'lusF ar selling land s0 szgsuraze
/ lLssA gr-stS money Center rIaless Gins CE,r-
.uI1fstlh Ailztii saw bp them IL the 6as.s7-s.z
1ilqbi'zSr - far THESE eaurressi.s4 ~ 49,. -,
-Gst 1lHeh a-nrIiss-7 IL a. Il v1,.fr. -,
La LilfsrE Il "A cs1ener= ca aav.sTI.,r go
! Lhu1s1Er aad thsa5 EEss sss.11,fri5.s e.F.--F .
mt Be ar's1 ssIhmIsr=i Elr aaur1VzE y ~
laliIestE vita have ~ aafssrraassell4 80 A
.tir AMI "A We Ih3nEr 30 fuuvs1c,s,fJ -
Z srl=s- ne l,5'sn "a Question:
Wv Mr. h'iIInrr n Z nGt Gs.s n ill., ssr
= IS zilif5 THIS question shall BE- zlsTnfq nr.s
tiara thz LeEIslatErss II tn. s.z51nssr-r -.
n pay AlEIza ct tie Gesassas1s az clafyus ~ -
l6t-tstr- ar azazssizl z,zzuEz= be ti..ss x *
st=s'sary @ snahtz aEx Gstlzzns n bnrrsTT
'i1lq N Lnnaans Ies { be - stated aud